When in the Product Category valuation method is Manual. On Purchase Bill Posted Purchase Expenses get reflected in Profit & Loss account but in Balance Sheet Stock Valuation account i.e Stock in Hand no value is reflected, how to reflect in balance sheet under current asset - stock in hand
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Hi,
You can Create manual valuation entries on the Stock Valuation dashboard by first navigating to Inventory app ‣ Reporting ‣ Valuation. Next, to enable the product revaluation feature, select Group by ‣ Product to organize all the records by product. Click on the gray ▶️ (drop-down triangle) icon to reveal stock valuation line items below, as well as a teal ➕ (plus) button on the right.
Click the teal + (plus) button to open up the Product Revaluation form. Here, the inventory valuation for a product can be recalculated, by increasing or decreasing the unit price of each product.
For more details refer official documentation from odoo: https://www.odoo.com/documentation/17.0/applications/inventory_and_mrp/inventory/warehouses_storage/inventory_valuation/using_inventory_valuation.html
Hope this will help you
Thanks
You need to pass an entry manually as you are using manual valuation. Debit stock in hand and credit stock variation/input account
Hi,
Please refer to our below youtube video to know about the inventory valuation and its account affected
https://www.youtube.com/watch?v=k4aHrxcaqLk
Hope it helps
hello,
In the manual costing method, we need to configure the product costing manually.
Therefore, please check the product cost and product type.
Thank you.
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